ChainBleedv0.1 · open intel
← back to feed·RUG2021-06-08 · 5y ago
Incident · SLOWMIST

GainSwap

Rug Pull
Estimated loss
$8.00M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
RUG
RUGBYTECODE CATCHABLEAI SCANNABLE
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

At around 4:00 a.m. on June 8, the GainSwap project, which had been online for less than 12 hours, suddenly swept away nearly $8 million in digital assets pledged by users, closed the website access, and then entered a state of losing contact and running away. This is also Heco. One of the projects with the largest amount of running away on the show. In January 2022, according to the public security information of Chizhou City, Anhui Province, the police in Chizhou City recently cracked a case of illegally obtaining virtual currency data from a computer system using blockchain technology, involving a value of about 50 million yuan. After the cooperation of the police in Guangdong, Sichuan and Hunan, all eight suspects were arrested. The police seized and seized the assets involved in the case, such as villas and luxury cars worth tens of millions purchased by the suspect with the full amount of the stolen money, and frozen about 6 million virtual assets. Attack method (per SlowMist): Rug Pull. Reported loss: $ 8,000,000.

Primary source
https://www.chaincatcher.com/article/2069096
Sourced from
slowmist
Technical record
chain
protocol
GainSwap
bug_class
rug
date_occurred
2021-06-08
loss_usd
$8,000,000
source_id
sm:gainswap::2021-06-08
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